Morgan Stanley: Buy Apple on the dip ahead of new iPhone launch

Advising to buy Apple on the dip, Morgan Stanley analyst Katy Huberty reiterated an Overweight rating and $130 price target on Apple. In her note to clients, Huberty spotlighted positive data points for the company that provide a “compelling entry point” ahead of the new iPhone launch.
StreetInsider:Huberty said checks suggest that Apple is “taking share in Europe and China which is corroborated by strong iPhone 11 builds in the month of August.”
The analyst highlights th